Discussion in 'Trading' started by ByLoSellHi, Mar 13, 2007.

  1. Wave of relentless selling.
  2. blast19


    Bask in it....short/buy Puts on lenders. :)
  3. It's a beautiful thing.
  4. Aren't you short though?
  5. I went long on refiners and oil service.

    Even RBOB is being taken lower today.
  6. They would've had to already been on to take advantage of this baby.

    The 4 year Bull isn't even close to being broken, but these 10pt selling sprees (multiple, intraday, ES contract) are a shock-to-the-system.

    Think of it as they're just getting us warmed-up for when the Bear comes back to town.

  7. Sell high, buy low?
  8. lol.

    Yeah. Something like that.

    I got caught, too.

    Never go against first intuition - I thought I learned this lesson 100x over.
  9. You should have seen this coming when those CNBC morons went ga ga over a pathetic 30pts "rally" yesterday. TRIN was over 1 all day yesterday masking the underlying rot in the market.
  10. <i>"For the past threee sessions, S&P 500 index has tested and failed at its 38% retracement level of recent highs to lows. This of course is a widely-watched mark of initial resistance. Failure to press higher and take that level out would show extreme weakness in the broad market."</i>

    Technical analysis trumps emotions every time. Dead cat bounce... lower lows lie ahead
    #10     Mar 13, 2007